Gradient Alliance News Bulletin March 2016
The only source for a roundup of key Sri Lankan News.
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Gradient Alliance News Bulletin – March 2016
In Economic news:
- Sri Lanka to borrow another USD 3bn.
- Taxes galore as govt struggles to make ends meet.
- Port City back on, its official.
- Sri Lankan economy grows a slow 4.8% in 2015.
- Stock market closes at 6,071.88 in March. (-1.9% YoY).
In Business news:
- Tourist arrivals in Feb. 2016 up 19.4% YoY to 197,697.
- Vehicle reg. falls 25.4% YoY in Feb. 2016.
- Tea production drops to 22.9m kgs in Feb 2016.
- Business sentiment index falls to 138 in Feb. (-13 pts MoM).
In Consumer news:
- Consumer confidence index falls to 65 (-5 pts MoM).
- Inflation rises 1.7% YoY in Feb. 2016.
- Prima wheat flour prices increased.
- Body Shop comes to Sri Lanka.
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